The Southwest Airlines Rapid Rewards® Premier Credit Card

This Chase Visa Signature is one of our perennial favorite travel rewards credit cards. Read on to see what you can do with the bonus points that you earn with the Southwest Airlines Rapid Rewards® Premier Credit Card.

The Southwest Airlines Rapid Rewards Premier Credit Card – The Offer

The Southwest Airlines Rapid Rewards Premier Credit Card is offering 50,000 bonus points when you spend just $2,000 in the first 3 months.The $ annual fee is waived ??for first year of card membership.

What I would do with 50,000 Southwest Rapid Rewards Bonus Points

These 50,000 points correspond to $850 in value for airfare – that is an outstanding offer!

Southwest Airlines Rapid Rewards generally come at a ‘fixed value’ and replace about 1.3-1.7 cents in value that you would have spent otherwise. Here are some examples:

1) Using Southwest Rapid Rewards points for domestic itineraries

The one-way, $68 flight from San Francisco to Burbank can be had for 3,609 Rapid Rewards points + $5.60. That’s almost exactly 1.7 cents that you get per Rapid Rewards point.

You can choose to pay 11,344 points +$5.60 or $192 – again about 1.7 cents in value that you would get in this scenario.

2) Using Southwest Rapid Rewards points for International itineraries

In our example you can choose to spend 10,728 points + $35.90 or $209 (this includes the immigration fees and foreign airport taxes). This represents a value of 1.6 cents per (Southwest Rapid Rewards) point.

Conclusion

With the 50,000 bonus Southwest Rapid Rewards Sign-up Bonus you will likely get $800 in airfare. Put another way you can two and a half transcon Round Trips from one credit card sign-up. If you have friends and family on the other side of the US this is one Thanksgiving, Christmas and half of a summer roundtrip covered (if you book ahead and watch for the frequent Southwest sales).